Under the proposal, $50m Energy X means over 30% share holding.
Energy X market cap is just over $103m now with about 2300 share holders in the company website.
And co related future subsidies will have the assets in Argentina and $50m cash as project financing.
co related means Galan will be major shareholder of Energy X.
after that 40% profit from Argentina operation will be Galan's. (10% royalty+ 30% shareholding)
so it's not bad at the moment.
Galan can explore by $50m greenbush and Canada spodumene as well.
About becoming Energy X major shareholder like over 30% equivalent. $50m
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $111.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $211.3K | 1.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 362027 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 585637 | 12 |
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| Last trade - 13.05pm 18/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |